China, B.C. II

By Bryan • china • 11 Jan 2005

More on Chinese involvment in British Columbia.

The agreement comes as talks between Chinese and Canadian energy firms gain momentum, with Husky Energy Inc. being eyed by one state oil company, and pipeline operator Enbridge Inc. aiming to ink a deal with a Chinese company.

The Enbridge deal would give the Chinese company a 49 percent ownership stake in a pipeline designed to carry crude from Alberta’s oil sands to British Columbia — and across the Pacific.

The “Gateway” pipeline will transport 400,000 barrels of crude daily straight through Northern BC to the coast where it would continue its journey to China. Construction could begin in 2008.

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